The euro steadied just off new 11-month lows on Thursday, with eyes fixed on a Swiss National Bank meeting to consider its campaign of currency intervention while a Spanish bond auction will offer more signs on the depth of Europe's debt crisis.
Spot gold weakened further on Thursday after dropping 3.5 percent in the previous session, as investors remained nervous about the eurozone debt crisis amid the year-end rush to liquidate positions.
Foreign direct investment growth in China fell year-on-year for the first time in 28 months, with November's $8.8 billion of commitments down 9.8 percent and hurt by a sharp drop in inflows from the United States, Commerce Ministry data showed Thursday.
Economic growth across the world will slow in 2012 due to the problematic combination of private-sector deleveraging, public-sector austerity and the lack of confidence in political leaders' ability to navigate these situations according to IHS, a leading macro-economic consultancy.
Asian shares fell into bear market territory for the year and commodities and the euro nursed stinging losses Thursday, after fears that Europe's debt crisis is still worsening prompted investors to dump riskier assets and huddle in the safety of the dollar and Treasuries.
China's exporters will face very severe conditions in the first quarter of 2012, the Commerce Ministry said on Thursday, with Europe's debt crisis dragging on and dampening demand.
Sixteen top technology leaders – including the founders of Google, Netscape, Yahoo and eBay – published full-page advertisements Wednesday opposing the pending Stop Online Piracy Act (SOPA) in Congress.
Morgan Stanley has returned $700 million to investors after its main real estate fund performed weaker than expected, reported the Wall Street Journal.
On a quiet stretch of the waterfront here, about a mile from Boston's main tourist sites, a Gillette factory hums along 24 hours a day making an unlikely commodity: top-of-the-line razors.
The U.S. attorney's office said dinnerware belonging to Saddam Hussein and the former royal family of Iraq was illegally imported into the U.S. and bought on eBay by an arts organization for an exhibition at a Manhattan restaurant.
Anger with the selling of their land to real estate developers without their consent, compounded by the death of one of their appointed mediators, thousands of Chinese villagers in the southern China village of Wukan found themselves in a locked stand-off with authorities Wednesday.
China will impose anti-subsidy and anti-dumping duties on imported cars made in the United States, China's Commerce Ministry said on Wednesday, the latest in a series of trade disputes between the world's two largest economies.
Foreign companies in China are concerned that a new social security tax on expatriate workers will raise business and living costs and leave payers unable to claim benefits, a survey by the American Chamber of Commerce showed on Wednesday.
Denmark's Novozymes A/S , the world's leading industrial enzyme producer, is now in talks over a series of projects that will boost its presence in China's growing biochemical sector, a company executive said on Wednesday.
South Korea said on Wednesday it had asked China for security guarantees at its Beijing embassy after the building was hit by a small projectile as tensions run high after the killing of a South Korean coastguard by a Chinese fisherman.
Thousands of residents of a south China village rallied on Wednesday in defiance of police who sealed off the area to contain a long-running feud over land grabs and anger over the death of a village leader in police custody.
China on Wednesday dangled the prospect of more trade and economic incentives for Taiwan ahead of elections there next month, but warned the pro-independence opposition closer ties would be at risk if it did not change its stance.
Chinese wines took the top four places in a China vs Bordeaux blind tasting competition on Wednesday, but it wasn't exactly a thrashing of the world's most elite wines by Chinese upstarts.
India's economic gloom deepened on Wednesday as figures showed a record low rupee is adding to Reserve Bank of India's (RBI) inflation headache and an adviser to the prime minister said there was little that could be done to check the currency's slump.
The Internet must be subject to reasonable regulation, the head of Russia's Security Council said in remarks published on Wednesday, a fresh sign of Kremlin concern about the use of social networks to promote anti-government protests.
Worries that India's evolution into an economic superpower may be overhyped and signs the government may lack the will to further dismantle a protectionist legacy drove India-themed funds to the bottom of performance league tables in November.
A shift in the global military balance is one of the inalienable fallouts of the economic winter experienced by the Western world. While military spending in the U.S., the reigning super power, is increasingly coming under a scanner, the extended defense holiday in Europe signals that the continent’s global influence is on irreversible decline.
